CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED CONSOLIDATION OF EVERY TEN (10) ORDINARY SHARES IN HLT INTO ONE (1) NEW ORDINARY SHARE OF HLT ("CONSOLIDATED SHARE"); (II) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF HLT PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016; (III) PROPOSED PRIVATE PLACEMENT OF UP TO 37,643,700 CONSOLIDATED SHARES, WHICH REPRESENT UP TO 30.00% OF HLT TOTAL NUMBER OF CONSOLIDATED SHARES ("PROPOSED PRIVATE PLACEMENT"); AND (IV) PROPOSED ALLOCATION OF UP TO 22,586,300 AND 15,057,400 PLACEMENT SHARES TO WONG KOK WAH AND CHAN YOKE CHUN RESPECTIVELY, PURSUANT TO THE PROPOSED PRIVATE PLACEMENT

PART A - CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE; AND PART B - STATEMENT TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF THE AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF ITS TOTAL NUMBER OF ISSUED SHARES